Nikola Pushes Ahead With Hydrogen Truck Launch Despite Musk's Skepticism, Unresolved BEV Fire
Portfolio Pulse from Anan Ashraf
Nikola Corporation (NASDAQ:NKLA) is planning to launch its hydrogen fuel cell electric truck this quarter, despite skepticism from industry players like Tesla's Elon Musk. The truck, which will be built by Nikola but will have its fuel cell power module provided by Bosch, can provide up to 536 horsepower and has a fuel time of 20 minutes or less. Nikola is currently under scrutiny after one of its battery-powered trucks caught fire twice.
July 26, 2023 | 9:32 am
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Nikola's upcoming launch of its hydrogen fuel cell electric truck could potentially boost its stock, despite recent fire incidents and industry skepticism.
The launch of Nikola's hydrogen fuel cell electric truck could potentially boost its stock as it shows the company's progress in its product development. However, the recent fire incidents and skepticism from industry players like Elon Musk could negatively impact investor sentiment.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100